Senior Product Manager Salary

Compensation for Senior Product Managers in the United States is generous, with average pay surpassing six figures annually ($117K). Cash earnings for Senior Product Managers — including $25K in bonuses and $20K in profit sharing proceeds near the top of the pay scale — generally stretch from $85K to $162K depending on individual performance. While the particular city and years of experience impact pay for this group, the particular firm is the most influential factor. For the most part, Senior Product Managers enjoy their work and report high levels of job satisfaction. Almost all report receiving medical coverage from their employers and a large number collect dental insurance. The numbers in this rundown were provided by PayScale's salary survey participants.

$81,173 - $148,312
(Median)
$81K
$120K
$150K
MEDIAN: $117,031
10%
50%
90%

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$18.12 - $76.86
(Median)
$18
$60
$77
MEDIAN: $60
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$60K$120K$180K
Salary
$81,173 - $148,312  
   
Bonus
$2,938 - $25,373  
Profit Sharing
$1,912 - $20,180  
Commission
$12,000  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$85,241 - $162,341  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 3,737
National Hourly Rate Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$50$100$150
Hourly Rate
$18.12 - $76.86  
   
Overtime
$36.75  
National Annualized Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
)
$0$100K$200K$300K
Bonus
$2,938 - $25,373  
   
Commission
$12,000  
Profit Sharing
$1,912 - $20,180  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$85,241 - $162,341  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 30
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Job Description for Senior Product Manager

A senior product manager handles many of the oversight duties involved in getting a product from the concept stage to the production stage; they also work to maximize product by foreseeing customer and market demands. Depending on their business' needs, this can include a number of different tasks. Typically, a senior product manager is in charge of ensuring that best practices are followed, goals are met, and projects and related operations are conducted effectively. Senior product managers are often in charge of coordinating marketing, sales, and other product-implementation strategies to ensure that operations are properly conducted. When it comes to product development, there are usually numerous stakeholders in the success of a product who may have differing visions for the product. A senior product manager serves as a liaison between stakeholders and the development/implementation teams. A senior project manager also must evaluate the market to find ways to better serve the customers and increase profitability.

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Senior Product Manager Tasks

  • Define and document product requirements and roadmaps for execution and sales.
  • Collaborate with cross-functional teams for every stage of product development.
  • Transform business and market strategies into do-able, defined product plans.
  • Lead market research and position conversations to ensure viable products and balanced growth.

Common Career Paths for Senior Product Manager


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Senior Product Managers may experience a large salary bump if they progress into a role such as VP of Product Management. The latter position pays an average of $178K annually. As Senior Product Managers progress in their field, many go on to become Product Management Directors. In fact, this transition is more common than anything else, and pay for the position is usually $139K per year. Another common career choice for Senior Product Managers is to move into a Marketing Director role. Typically, Marketing Directors get paid $80K.

Senior Product Manager Job Listings

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Popular Employer Salaries for Senior Product Manager


Leading companies who hire large numbers of Senior Product Managers include Amazon.com Inc, General Electric (GE) Energy, Oracle Corp., International Business Machines (IBM) Corp., and T-Mobile, Inc. Genentech, Inc. offers the highest compensation with a median salary of $166K. Those in search of high salaries should also consider eBay Inc., Google, Inc., and Intuit Inc., top-paying firms where Senior Product Managers rake in a massive $165K, $162K, or $154K, respectively.

A few other companies with smaller-than-average paychecks include Oracle Corp. ($108K), T-Mobile, Inc. ($115K), and Expedia, Inc. ($135K).

Popular Skills for Senior Product Manager


Survey participants wield an impressively varied skill set on the job. Most notably, skills in Strategic Marketing, Strategy, Program Management, and Product Marketing are correlated to pay that is above average, with boosts between 5 percent and 7 percent. Skills that seem to negatively impact pay include Microsoft Excel, Microsoft Office, and Project Management. It is often found that people who know Product Development are also skilled in Product Marketing, Business Strategy, and End User Requirements Research.

Pay by Experience Level for Senior Product Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.


Experience and pay tend to be weakly linked for Senior Product Managers — those with more experience do not necessarily bring in higher earnings. New workers enjoy hefty six-figure paychecks when they take on this position — $114K per year is the median for people who claim less than five years' experience. On average, Senior Product Managers make $129K following one to two decades on the job. Senior Product Managers who surpass 20 years on the job report pay that isn't as high as one would expect; the median compensation for this crowd sits around $130K.

Pay Difference by Location

National Average: $125,781

Larger city markers indicate a job is popular in that location.

Sunnyvale, San Jose, and San Francisco — each tucked away in California — boast salaries above the national rate for Senior Product Managers, making this state top of the list for those looking to make even more money in this profession. Senior Product Managers' salaries are heavily influenced by location — Senior Product Managers in Portland bring in salaries that are 20 percent lower than the national average. Employers also pay below the national average in Denver (11 percent lower) and Atlanta (10 percent lower).

Related Job Salaries

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Experience Affects Senior Product Manager Salaries



National Average
$126,000



Skills That Affect Senior Product Manager Salaries





Product Management
up arrow 4%

Strategic Planning
up arrow 3%

Business Strategy
up arrow 2%

End User Requirements Research
up arrow 2%

Market Research
up arrow 1%

National Average
$126,000

Product Development
up arrow 1%

Business Development
up arrow 2%

Marketing Management
up arrow 2%




Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 567 votes.

Gender

Female
30 %
Male
70 %

Years of Experience

Less than 1 year
0%
1-4 years
11%
5-9 years
31%
10-19 years
45%
20 years or more
13%

Common Health Benefits

medical benefits
Medical: 94%
dental benefits
Dental: 89%
medical benefits
Vision: 80%
dental benefits
None: 4%
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